Malawi Business & Development

10/02/2025

This is an official page for Business & Development (B&D) Magazine launched in 2012 by Business & Development (B&D) Communications LTD that also runs Mega Stores Mw—a comprehensive global marketplace that connects buyers and sellers both online and offline through a variety of services.

09/02/2025

B&D Magazine is Back—Stronger Than Ever!

We are excited to announce the relaunch of Business & Development (B&D) Magazine, Malawi’s leading publication covering Business, Industry & Trade, Economy, Investment, Development, and Tourism Supplements.

The magazine will be available free of charge in both print and online formats, reaching key organizations and individuals nationwide.

First published in 2012, B&D Magazine quickly gained recognition, with advertising support from esteemed companies such as National Bank of Malawi, NBS Bank, Old Mutual, Carlsberg Malawi (now Castel), Mike Appel & Gatto, Toyota Malawi, PVHO, TransGlobe, and Pemba Rubber Stamp.

Our last edition, published in 2015, received further support from the Malawi Revenue Authority (MRA), Reserve Bank of Malawi, Airtel Malawi, Malawi Communications Regulatory Authority (MACRA), Illovo Sugar Group, City Motors, Rainbow Paints, and Electrocard Systems.

However, due to shifting economic conditions that led many companies to reduce their advertising budgets, B&D Magazine took a strategic pause. Now, we are back with a renewed vision, ready to serve as Malawi’s premier platform for business and development news.

What’s New?

- A Stronger Business Focus—Covering Trade & Industry, Business, and Tourism Supplements, this section provides an essential platform for businesses to strengthen their market presence and industry leadership.

- A Powerful Development Segment: Showcasing government institutions, NGOs, and non-state actors, this section highlights development initiatives, success stories, and investment opportunities across Malawi.

- Expanded Online Edition: Alongside our print publication, our enhanced online platform will feature a Breaking News section, providing timely and credible Business & Development updates from top industry experts.

Be Part of the Comeback!

Join us in this exciting new chapter. For advertising opportunities, partnerships, or editorial inquiries, contact—0999891841 or email—[email protected]

Thank you for your continued support!

21/06/2023

Billionaire mindset—You don’t have to know everything. Find smarter people than you to work for you. Make sure they work together in driving your vision

19/06/2023

Three major things to work on to be successful in life

25/04/2023

Malawi is the fourth poorest country in the world, with 70 percent of its population living on less than $2.15 a day, as estimated using data for 2019. Even though this percentage has been almost unchanged since 2010 (68 percent), with the population growth, the number of poor people has increased by 3 million, reaching 13 million in 10 years. The share of people failing to consume a minimum caloric intake of 2215 calories a day (or national poverty rate) is 51 percent, the same as in 2010. Inequality has decreased over the last decade (the Gini index changed from 45 percent in 2010 to 39 percent in 2019), mainly due to better-off households worsening their economic situation.
The slow poverty reduction has been mainly due to the low GDP growth per capita, the lower and stalled productivity of the agricultural sector over the years, the lack of structural transformation, and the recurrent climate shocks affecting the agricultural sector (i.e., the flood of 2015; the historic drought of 2016; the cyclone Idai in 2019; the cyclone Ana and the tropical storm Gombe in 2022).
Following the Russia-Ukraine war, 80 percent of households reported significant increases in the price of basic items such as maize, cassava, sweet potato, maize flour, rice, and fuel, contributing to the food insecurity emergency in the last months. In terms of employment, even though 80 percent of household heads were working during the first months of 2022, more than half of households experienced reductions in income, and by September of 2022, 70 percent of households felt their financial situation was worse than one year earlier. Indeed, in 2022, half of the households applied for loans to cover mainly purchases of food and/or inputs for their non-farm businesses.
According to the poverty projection based on GDP per capita growth, the share of people living with less than $2.15/day increased slightly from 70.1 percent to 72 percent between 2019 and 2023. The projection might increase if climate or external shocks continue.

25/04/2023

LILONGWE, November 8th, 2022— The new World Bank Poverty Assessment Report finds that just over half the Malawian population (50.7%) are poor, almost no different from a decade ago. High population growth, low levels of average per capita GDP growth (1.5%) and reliance on low-productivity, rain-fed small-holder agriculture are the core drivers of stagnant poverty levels.

Nevertheless, poverty levels have decreased significantly in rural areas in the northern and southern regions of the country. People who escaped poverty included those who moved from agriculture into ganyu (short term labor), household businesses, and salaried employment, and those that improved their levels of education. At the same time, agriculture declined as the main source of household income from 70 percent to below 50 percent, while ganyu increased from 18 percent to 37 percent.

Climate shocks drove many people into poverty. For every three Malawians that moved out of poverty be­tween 2010 and 2019, four fell back in due to the impact of weather shocks. In addition, women face disproportionate constraints in accessing in­puts and resources. Women’s agricultural productivity is lower than men’s, mainly due to differences in access to inputs, land, and finance.

“This report is a call to action: Malawi’s poverty remains stubbornly high. Climate shocks, high fertility, and low growth are key factors. While we see a significant shift out of agriculture over the last decade, constraints to starting household business are high, and the informal sector has not delivered on income generation,” says Hugh Riddell, World Bank Country Manager for Malawi.

In order to overcome these challenges, the report recommends a stronger focus on enhancing agricultural productivity and improving non-farm employment options. The latter requires redoubling efforts to support private sector-led investment and job creation, including in growing urban areas. The report also stresses the importance of improving school completion rates, particularly for girls, and redirecting existing social programs to target households that are exposed to climate shocks.

The new World Bank Poverty Assessment Report finds that just over half the Malawian population (50.7%) are poor, almost no different from a decade ago. High population growth, low levels of average per capita GDP growth (1.5%) and reliance on low-productivity, rain-fed small-holder agriculture are t...

08/12/2022

Sometimes people fail to contribute towards the development of their nation becoz they don’t know what is happening in various sectors of the economy —That’s why B&D Magazine was launched.

10/08/2022

Advertorial

Breaking News!!!

Rent a shop for free at B&D Mall
…No utility bills, free wages for one shopkeeper

B&D Shopping Mall and Event Centre in New Naperi, Blantyre has abolished rentals as a requirement for traders to open shops at their Centre.

Traders are also exempted from paying water and electricity bills. The shop owners also pay wages for at least one shop keeper.

B&D Executive Chairman, Apostle Joseph revealed in an exclusive interview yesterday that they now get commissions from the sales of their tenants instead of rentals.

“Times are tough due to the worldwide economic meltdown. That’s why we have decided to create a win-win situation for our tenants.

“Under this arrangement, we get a small commision from the sales of our tenants instead of rentals.

“We love our tenants. We want to make money when they make money. That’s why we also advertise their goods for free and pay wages for at least one shop keeper,” Joseph said.